My 6-step Payday Routine. Full guide 👆 #shorts #payday #personalfinance

[valeriaVPV]

I stop at 1. My salary does not cover all of my monthly obligations

[mamalon]

These numbers work when you make around 80k to 100k per year.

[l.h]

My relationship with money has not been great. Once I find a job, I'll try this steps. You're awesome for this. Thank you.

[KatherineAsuncion]

I agree with clearing the debt. Unfortunately because my expenses are so high, I'm in a vicious cycle of making payments on my cards and using them to pay for groceries and other necessary expenses

[glacyneyla-lifestyle]

Net income: 1414 €
Living costs: 1500+ € at the minimum 😅

[angeldeschain]

I was reading my journal. Three years ago, I was broke, and I didn't realize it at the time. Fast-forward to today; I'm debt-free, and even if I lost my job, I have a financial cushion that would allow me peace of mind for several years. My point is that a lot can change in just six months, but you must be patient. The thing is, time flies by, both for the good and the bad.

[mckenzieshoaf]

My husband and I are working on step 5 and 6 simultaneously. Aka: we saved 3 months of expenses for emergencies then started investing in our IRAs. So far, so good! Now I just need to get my income up. So I decided to go back to school!

[ikea]

I like that you said save 1 month of expenses instead of 1k

[lj]

By the time I've paid my bills I have nothing left in the account

[spaz-tech]

Anyone notice her shirt might be on backwards? (Maybe a logo or brand on the front that she didn’t want on camera as a distraction)

[susanbrown]

The first financial person that suggested a realistic one month of savings, if you’re not used to the multiple month suggestion get totally overwhelming, start small.

[Investingcoachw]

Best way I found to tackle this is by automating my paycheck to go out to the different accounts. That way I don’t have to think about it and know I’m covered

[ghmisuu]

Yes I agree with what your saying Nischa, very well said .

[razvanrinder]

I have a savings account, and I put all my salary there once it is in my account. I moved money only when I need to spend and usually exactly the amount I want.

[jasmineedana]

I typically unpack same day too😂
Hey boo!

[Zullay]

I don't make enough to do all 6. Hopefully I'm ok with covering half of this 😂

[SDMNKhan]

For people who's living cost does not cover the first point:
Step 1: Pay your groceries etc.
Step 2: Network more
Step 3: Invest in yourself by expanding your skills.
Step 4: Get pay raise.

[drbharathi]

Nischa, please educate people about investment - meaning Low risk index funds to high risk stock market. I did like most, did all 5 for years, but was never taught about easy and long term risk mitigation of investment- until this era of YouTube videos:

[mdtapilatu]

I have no idea what she just said, but money no money having her kind of smile around would still make my day

[albertoteng]

Watching from Australia. Thanks for sharing your knowledge. It's beneficial to some of us.